https://arstechnica.com/tech-policy/2019/09/china-is-working-on-its-own-digital-currency/

China's central bank is working on a cryptocurrency that will be similar to Facebook's Libra, a government official said this week, according to Reuters.

China's central bank has had a group studying digital currencies since at least 2014, but their efforts seem to have come into focus in recent months. Last month, a Mu announced that an official Chinese digital currency was "almost ready."